The statement of operations for a private, nonprofit hospital should include a performance indicator that indicates the results of operations for a period. Which of the following items would be included in a hospital’s performance indicator reported on the statement of operations?
- I. Proceeds from sales of cafeteria meals and guest trays to employees, medical staff, and visitors.
- II. Net assets released from restrictions used for operating expenses.
- a. I only.
- b. Both I and II.
- c. II only.
- d. Neither I nor II.